Freedom's Phoenix "Uncovering the Secrets and Exposing the Lies"
 
Current Bitcoin
Price:
$500.11

Provided by
BitPay.com
 
Contribute Bitcoin to
Freedom's Phoenix



Scan the QR Code above, or
double-click on the text in the
box, copy it, and paste it into your
Bitcoin payment application.
Contribute Funding by
PayPal or Credit Card

 
Log-In

See Complete Menu

Special Editions
Translate Page
RSS Feeds
 


Declare Your
Independence

with Ernest Hancock

 
Log-In
Front Page
Page Two
 
 

Freedom's Phoenix
Online Magazine

 
Freedom Forum
Letters to the Editor
Report The News
Newsletter Sign-Up
 

Anarchives:

 

 

Search by Keyword

    Contents by Subject
    Radio/TV Shows
    Feature Articles
    Opinion Columns
    News Stories
    Newsletters
 
 


 

 

 
   

FEATURE ARTICLE

Sign up to receive the Freedom's Phoenix Headlines by Email.

HELP FUND FREEDOM'S PHOENIX!
Make a one-time or periodic contribution.
Use your credit card or PayPal account.

Join us on our
Social Networks

Share this page with your friends
on your favorite social network:

     

Time to Stress Test Your Resolve in the Gold Markets

Time to Stress Test Your Resolve in the Gold Markets


Written by
Jeff Clark
Date: 06-12-2013
Subject: Casey Research Articles

The Casey Research Metals and Mining team has received a number of worried and angry emails about gold's recent rollercoaster ride. I'd like to respond to them.

First, I understand. I'm an investor, too, and I also manage money for family members. We have positions that are underwater, a few dramatically so. Worse, in many cases a full position had been built, seemingly leaving no room to average down and lower our cost basis. This predicament isn't fun, and there are a limited number of options.

However, instead of responding emotionally, let's look at some facts and consider their implications.

The drop in stock prices came with no drop in the quality of the companies' assets. This is important to recognize, because it highlights the difference between value and price, and points to opportunity. Even at lower gold and silver prices, the value of these companies is higher than they're currently priced. This will eventually correct, as all mispriced markets do.

Investors must be willing to hold through down or sideways markets to realize profits. The trend we're betting on took an unusually large detour, but it has not changed in any material way. It may take some time for the market to stabilize before it makes a significant move up, and with summer knocking on the door (often gold's low season), we could easily see the gold market remain weak for a few months. A huge rally in the immediate future is unlikely unless a black swan hits (for example, a deterioration in European sovereign debt, a sharply lower US dollar, bank failures, etc.). The message is that, like any market with favorable fundamentals, you must have the mental wherewithal to stay in the game, however painful, in order to seize a big profit.

A lifetime buying opportunity is shaping up. By any analysis, gold stocks are about as cheap as they've ever been. Therefore, focus on positioning yourself ahead of what we think will be an extraordinary reversal. The more spectacular the selloff, the more spectacular the opportunity and this selloff has been one for the record books. We're witnessing a setup that only comes along a few times in an investor's life. Our goal is to prepare for it, not lament an unexpected trend interruption.

Be honest with yourself about risk and volatility. Investment decisions based on emotions rather than facts rarely work out. I know it's not easy, but look ahead and not behind. Stock prices don't care how you feel and they still won't when the market reverses to the upside with you on the sidelines looking on.

The bottom line is that you've got to hang in there and let the big-picture forces guide your gold investing decisions.

It's only natural that investors who haven't experienced this kind of situation before might be wondering exactly what the big-picture forces are indicating today. To address that issue, along with the many other questions surrounding gold investments today, Casey Research and TheStreet have brought together some of the sharpest gold-investing minds around. They include: Doug Casey, legendary contrarian and speculator; Jim Cramer, founder of TheStreet and host of CNBC's Mad Money; and Steve Feldman, cofounder and CEO of Gold Bullion International.

You'll hear their thoughts on what's happened in the gold markets over the past two months... what is likely to be ahead in them... and how gold investors should position themselves. You'll get specific, actionable advice in this free webinar, so reserve your spot now. Gold: Dead Cat or Raging Bull? will premier on Tuesday, June 25 at 2:00 p.m. EDT. You don't want to miss it learn more and register today.


Send Letter to Editor
Additional related items you might find interesting:
Feature Article    More about Casey Research Articles
Not All Debt Is Created Equal
Dennis Miller
Feature Article    More about Casey Research Articles
Do Not Let The Next Downturn Leave You Penniless
Dennis Miller
Feature Article    More about Casey Research Articles
Listening to the Canary
Terry Coxon
       
 
  Magazine / Newspaper
   Magazine Subscription Info
   Online Magazine List
   Newspaper Subscription Info
   Newspaper Issue List
 
RSS Feeds
   Articles RSS Feed
   Opinions RSS Feed
   Media RSS Feed
   Newsletter RSS Feed
   Smartphone Feed
   Podcast Feed
Radio / TV
   Decleare Your Independence
      with Ernest Hancock
   Radio / TV Program List

 
Anarchives
   Search by Keyword
   Contents Listed by Subject
   Radio / TV Show Archives
   Newsletter Archives
   News Links
   Feature Articles
   Opinion Columns
   Reference Links

 
Letters to the Editor
   List of Letters
   Write a Letter

 
Join Us
   Subscribe to Magazine
   Membership Sign-Up
   Be a Writer
   Be a Reporter
   Link to Us

 
Marketplace
   Buy Stuff Sell Stuff

   Store on CafePress.com
More News
   Page Two
   Current News
 
Discussions
   Freedom Forum
 
Advertise
   Intro to Advertising with Us
   Magazine Advertising Rates
   Radio Advertising Rates
   Website Advertising Rates
 
Funding Center
   Support or Promote a Project
About Freedom's Phoenix
   About Us
   Contact Us
   Terms of Use
   Privacy Policy
   Writers List

 
Tutorials Using This Site
   List of Tutorials
 
Media Resources
   News References
   Blog References
   Government References
 
  FreedomsPhoenix.com
The domain and name of this website are servicemarks of Ernest Hancock.
Website is Copyright 2014 by Ernest Hancock.  All rights reserved worldwide.
Feature articles, columns, illustrations, and photographs are copyrighted and may not be
reproduced without the expressed permission of the credited writer, artist, or photographer.
No portion of this website, text, images, or source code may be framed on another website,
copied, reproduced, or distributed, by any means, without the written permission of
Ernest Hancock, 4886 W Port Au Prince Ln, Glendale, AZ 85306 USA.
Website Designed by
USA Web
Advertising

Phoenix, Arizona
 
Time to display page: 0.760 Seconds -- Dynamic Page

Page Views:

free web stats

Stats by StatCounter